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Germany's real wages up 2.3%

Germany's real wages climbed in the second quarter by 2.3%, amid the private consumption being the key driver of growth for Europe's largest economy in the region.

Germany's nominal wages up 2.4%

The nominal wages, for the year between April and June, appreciated by 2.4%, while the consumer prices in the second quarter climbed by 0.1%.

The logistics and transport sector, the real estate business, and the workers' wage hikes brought such a rise in the nominal wages.

Germany's real wages, for 2015, rose by 2.5% during the year, thus being the strongest rate since 1992.

Moreover, Angela Merkel, Germany's Chancellor, introduced the minimum wage of 8.50 euros per hour, commencing 2015, thus boosting the low-income households' purchasing power.

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Thursday, 22 Sep, 2016 / 8:55

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